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Originally Posted by kepp
I assuming that the advice to buy commodities is mostly aimed at people who are a little closer to retiring?
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Yes and no.
Even for someone like me (about 30 years away for the "Probably" retirement plan, and 20 for the "Dear God Please" plan), having a small percentage in commodities isn't a bad idea.
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I still have 35+ years to go so I'm staying with the aggressive investments.
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A great idea, depending on when you started, how much (% wise) you have in the aggressive group, and your long-term goals.
The thing about the current panic is that it's driving away a lot of people who could benefit from getting in now -- folks like you (and me) who are decades away from retirement. I've talked with several co-workers who were thinking about doing something drastic (e.g. withdrawing their money until things calm down), but managed to talk them out of it.
I guess a lot of people fail to realize that you have to be in it for the long haul.
MM
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P.S. If some are wondering, I've written more than 30 articles on personal finance the past five years that have been in
Military Money,
Stars & Stripes and
American Banker. So I do have some knowledge on this stuff.
